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SBV to order SOEs to sell dollar reserves

The State Bank of Vietnam has announced its plan to order major state-owned economic groups and corporations to sell $376 million in US dollar reserves to the commercial banking system next week to reduce the accumulation of dollars in the economy.

Vietnam to export up to 100,000 laborers per year

VietNamNet Bridge - Vietnam will export 80,000-100,000 workers per year in 2011-2015 and those workers will be given support under a project by the Ministry of Labor, War Invalids and Social Affairs.

Vietnam to attract foreign investment in ICT

VietNamNet Bridge - Vietnam targets to raise the proportion of Information and Communications Technology (ICT)’s value to GDP from 8-10 percent.

Firms raided for illegal software

VietNamNet Bridge - An inter-ministerial task force set up as part of a national copyright enforcement campaign has unearthed the use of unlicensed software by three design firms in HCM City.

Agricultural sector still failing to lure investment

Despite the Government's recent effort to support enterprises in the agricultural sector, the sector continues to fail to lure investment because of its low profits and high risks, said agricultural experts.

Petrol price hike inconveniencing transport firms

VietNamNet Bridge - Surging petrol prices since early this year are causing much inconvenience to transport companies in Ho Chi Minh City and almost bringing some to the verge of bankruptcy.

SOCIETY IN BRIEF 3/4

Book on economic integration released; Farmers to get subsidy of up to VND1.3 billion; HCM City stabilises prices of local drugs; Agriculture relief tax implemented; Agriculture relief tax implemented

BUSINESS IN BRIEF 3/4

VCCI: Multiple sectors use capital poorly; Jetstar Pacific to have new Vietnamese pilots this year; PetroVietnam Fertiliser inks two-year deal with Japan; VRA: Natural rubber price will grow on strong demand; WTO proves boon, bane for economy

More storms, tropical depressions forecast for 2011

VietNamNet Bridge – This year the number of storms and tropical depressions that can directly hit Vietnam is forecast to number from 5 to 6, more than that of 2010. The stormy and rainy season will also start early, a senior weather expert said.

Ministries taking slow steps to cut down public investments

VietNamNet Bridge – By the end of March 2011, 22 ministries and branches still had not sent the reports on cutting public investments and transferring investment capital as requested.

Madame Tussauds Vienna opens

The Vienna branch of Madame Tussauds opened on Friday at Vienna's Prater Park, becoming the Europe's fourth attraction along with London, Amsterdam and Berlin. Visitors have the opportunity to play around 65 wax stars.

Vietnam’s newly-built longest highway cracked and sunken

VietNamNet Bridge – Being inaugurated on the occasion of the 1000th anniversary of the capital city of Thang Long-Hanoi in 2010, Thang Long - the country’s longest and most modern highway – has many long cracks and depressions.

National television station apologizes for “Mrs. Luom” scandal

VietNamNet Bridge – The Ministry of Information and Communications has decided to impose VND18 million ($900) fine on the national Vietnam Television station (VTV) for its mistakes in “Mrs. Luom” scandal.

SPORTS IN BRIEF 2/4

VN squad gets set to hit the beach; VN squad gets set to hit the beach; Ha Noi take lead with six golds at national wushu champs; Contest to find young sports ambassadors launched    

Building contractors get hammered

VietNamNet Bridge - Rising input costs have driven scores of construction contractors into a dilemma.

GOVERNMENT IN BRIEF 2/4

Vietnam and Germany strengthen cooperation; Vietnam, Belarus trade unions enhance cooperation; NA candidates undergo vote of confidence

Mekong Delta on red alert for forest fires

VietNamNet Bridge - Authorities in the Cuu Long (Mekong) Delta are strengthening measures to prevent fires in thousands of ha of forests that have dried up.

“Be Strong, Japan!” touches the audience’s heart

VietNamNet Bridge – Both artists and audience were very moved in the “Be Strong, Japan” show, organized by VietNamNet Newspaper at the Hanoi Drama Theatre on March 31.

Nghe An take V-League lead

VietNamNet Bridge -  Song Lam Nghe An temporarily took the lead in the V-League after beating Navibank Sai Gon 1-0 in the early fixture yesterday at Thong Nhat Stadium.

ART & ENTERTAINMENT IN BRIEF 2/4

Award-winning movie to visit American campuses; Sea, Island Week 2011 to be held in Nha Trang; Vietnam’s banh mi added into Oxford English Dictionary; Hung Kings Festival seeks UNESCO approval